LOAN AGAINST YOUR TERM DEPOSIT WITH US

Avail loans / overdraft against your deposits without en-cashing them.

Eligibility

:

Term Deposits / Recurring Deposit of the Bank.

Loan Amount

:

90% of the deposits including accrued interest.

Repayment period

:

Overdraft / loan up to the maturity of the deposit (may be extended on case to case basis on renewal of the deposit)        

Rate of Interest

:

2% over deposit rate calculated on daily reducing balance.

Security

:

Lien marked on the deposit.

Documents required

:

Fixed deposit receipt duly discharged.

Administrative Office

501, Central Plaza, 166 C S T Road, Kalina, Santacruz (East), Mumbai 400 098.

Tel No: 26656076 / 77 / 78 Tele Fax: 26656079

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